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U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to al...
Elon Musk’s xAI has acquired his social media platform X in a $33 billion all-stock deal.
Elon Musk’s artificial intelligence firm, xAI, has acquired X—his social media company formerly known as Twitter—in an all-stock deal valued at $33 billion.
Musk said X, which has more than 600 million users, is closely tied to the future of xAI, the startup he launched two years ago. The deal consolidates two of Musk’s key ventures, alongside Tesla and SpaceX, and could streamline efforts to train his AI model, Grok.
He said the acquisition would enable the creation of a platform that not only reflects the world but also accelerates human progress.
Including $12 billion in debt, the deal is valued at $45 billion. Musk announced the transaction in a post on X, stating that the combined entity would carry a valuation of $80 billion.
Details remain unclear—such as whether investors approved the deal or how they will be compensated. It’s also uncertain how the acquisition will directly advance Musk’s AI goals, though closer integration with X may allow xAI to more rapidly deploy its latest AI models and features to a vast user base.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
Euro zone finance ministers are set to meet on Thursday to explore ways to boost the development of euro-denominated stablecoins, amid concerns that the fast-growing market could remain dominated by the United States, a senior euro zone official said.
The currency swap agreement signed between the central banks of Türkiye and the United Arab Emirates (UAE) is set to strengthen Türkiye’s digital banking sector and attract fresh investment from the Gulf.
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